The Business of Sports Agents

The Business of Sports Agents

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The legendary Charles C. qCash and Carryq Pyle, considered by most to be the first sports agent, negotiated a $3, 000-per-game contract for Red Grange to play professional football for the Chicago Bears in 1933. Today, salaries in the tens of millions of dollars are commonplace, and instead of theatrical promoters and impresarios, professionally trained businessmen and lawyers dominate the business. But whereas rules and penalties govern the playing field, there are far fewer restrictions on agents. Incidents of agents' manipulating athletes, ranging from investment scams to outright theft of a player's money, are far too frequent, and there is growing consensus for reform In The Business of Sports Agents, Kenneth L. Shropshire and Timothy Davis, experts in the fields of sports business and law, examine the history of the sports agent business and the rules and laws developed to regulate the profession. They also consider recommendations for reform, including uniform laws that would apply to all agents, redefining amateurism in college sports, and stiffening requirements for licensing agents. This revised and expanded second edition brings the volume up-to-date on recent changes in the industry, including: - the closing of one of the largest agencies - high-profile personnel moves - passage of the federal Sports Agent Responsibility and Trust Act - the National Football League's aggressive and high-profile efforts to regulate agentsOther student athletes have allegedly received inducements such as interest-free loans, automobiles, clothes, concert tickets, airline tickets, insurance policies, and dates with models.2 In 2000, an Auburn University basketball star admitted to taking $2, 500 ... benefits totaling more than $100, 000 from two marketing firms while Bush was still playing football for the University of Southern California ( USC).

Title:The Business of Sports Agents
Author:Kenneth L. Shropshire, Timothy Davis
Publisher:University of Pennsylvania Press - 2013-04-22


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